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Aug 24, 2008 | 9:58 am

#89

Wally Bird

Join Date: Jul 2003

Location: Salish Sea

Programs: DL,AC,HH,PC

Posts: 8,972

Quote:

Originally Posted by Boston_Bulldog

EVERY BANKING TRANSACTION $10,000.00 OR MORE, IS REPORTED TO THE TREASURY and IRS.

Further, when travelling INTERNATIONALLY, a declaration that you are carrying $10,000 OR MORE is REQUIRED by law.

Customs, in turn, reports the information to the Treasury and IRS.

That's why TSA and Customs can ask in the PERFORMANCE of their official duties, and IF they open your luggage and find large amounts of cash, the question then becomes are you invoved in something illegal and money-laundering? Are the bills REAL or counterfeit?

Wire-Transfers and Letters of Credit are much safer instruments for large amounts.

None of which has the slightest legal (or moral) relevance* to someone flying domestically. But you knew that.

(*absent a specific and limited BOLO)

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